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Stournaras Continues To Call For Consistent Gradual ECB Cuts

ECB
BundesbankCentral Bank NewsFixed Income BulletsStoryCEEMEAEurozoneGermanyMarketsEuropean Central BankForeign Exchange Bullets

ECB's Stournaras echoed prior comments on Dec 30 and Jan 2 in a speech last night. While still considered a dovish member of the Governing Council, Stournaras has presented a more balanced view than the likes of Centeno and Panetta over the past few quarters. 

  • Monetary policy easing should continue “with a series of interest-rate cuts at the next ECB Governing Council meetings”.
  • "Our moves should be gradual and cautious and continue to be based on the available data".
  • "Larger cuts should not be ruled out if incoming data indicate below-target inflation over the medium term"
  • (Write-up from BBG)
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ECB's Stournaras echoed prior comments on Dec 30 and Jan 2 in a speech last night. While still considered a dovish member of the Governing Council, Stournaras has presented a more balanced view than the likes of Centeno and Panetta over the past few quarters. 

  • Monetary policy easing should continue “with a series of interest-rate cuts at the next ECB Governing Council meetings”.
  • "Our moves should be gradual and cautious and continue to be based on the available data".
  • "Larger cuts should not be ruled out if incoming data indicate below-target inflation over the medium term"
  • (Write-up from BBG)